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Posted: 4/28/2023 4:19:42 PM EDT
[#1]
Quote HistoryOriginally Posted By CPT_CAVEMAN: Johnny 5? Quote HistoryOriginally Posted By CPT_CAVEMAN: Johnny 5? Could be Rosie from the Jetson’s before he turned into a tranny robot? |
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Posted: 4/28/2023 4:24:22 PM EDT
[Last Edit: Jagrmaister]
[#2]
Quote HistoryOriginally Posted By CPT_CAVEMAN: But how will you transfer your bitcoin and into what? Not sure how many people will be trading tangible assets for unicorn farts Screenshotted for posterity. Should be fun seeing just what happens in the long on unicorn farts. It's the real money. People just dismiss it for what they already think they know. Projecting today onto tomorrow rather than considering how tomorrow actually alters our life from the present. People already trade "tangible assets" for Bitcoin every day. In the future, they'll just be trading a greater quantity of tangible for less Bitcoin. That's if the masses have the opportunity to hold any Bitcoin at all. Very likely, it will be out of reach for the majority. Even in what are seemingly small amounts of satoshis. But hey, I'm Admittedly hard biased and riding the unicorn. Everyone do as you please and enjoy watching the financial turd that is the fiat world spiral and descent down the toilet bowl instead. Seems to be working out really well globally. 
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Posted: 4/28/2023 5:37:14 PM EDT
[#3]
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Posted: 4/28/2023 5:49:56 PM EDT
[#4]
Quote HistoryOriginally Posted By Jagrmaister: Screenshotted for posterity. Should be fun seeing just what happens in the long on unicorn farts. It's the real money. People just dismiss it for what they already think they know. Projecting today onto tomorrow rather than considering how tomorrow actually alters our life from the present. People already trade "tangible assets" for Bitcoin every day. In the future, they'll just be trading a greater quantity of tangible for less Bitcoin. That's if the masses have the opportunity to hold any Bitcoin at all. Very likely, it will be out of reach for the majority. Even in what are seemingly small amounts of satoshis. But hey, I'm Admittedly hard biased and riding the unicorn. Everyone do as you please and enjoy watching the financial turd that is the fiat world spiral and descent down the toilet bowl instead. Seems to be working out really well globally. You kinda remind me of the dude on here who bought a metaverse car for like 3k thinking he could sell it in the future for Lamborghini money. So the masses might not be able to hold any, but you'll be special and be able to still use it? You do realize .gov has confiscated crypto before and if it got to that point they'd probably take yours too? |
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Posted: 4/28/2023 6:41:19 PM EDT
[#5]
Quote HistoryOriginally Posted By CPT_CAVEMAN: You kinda remind me of the dude on here who bought a metaverse car for like 3k thinking he could sell it in the future for Lamborghini money. So the masses might not be able to hold any, but you'll be special and be able to still use it? You do realize .gov has confiscated crypto before and if it got to that point they'd probably take yours too? Hey, Cavedude, I'm just here for the eternal riches and big tittied bitches. FWIW, I thought the meta car was an absurd purchase and total waste. I think all of the NFTs are nonsense as they are little more than a link to a picture on the internet. Ordinals at least inscribe the image data on to the satoshi itself but I think that's dumb, too. Regardless, doesn't mean people haven't made millions upon millions trading and selling NFTs. In my world they have virtually zero utility. But clearly, you have a similar opinion about Bitcoin and group it in as "crypto". To each their own. |
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Posted: 4/28/2023 7:20:38 PM EDT
[#6]
Quote HistoryOriginally Posted By Nailcrusher: Listen to this video of what's being proposed in Minnesota. Will it pass? Doubtful and Hopefully not. But it's the fact it's even being proposed by a political party in this country. And not to sound racist but the ethnicity (Chinese?) of the woman in the video is ironic as all hell.
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Posted: 4/28/2023 8:05:36 PM EDT
[#7]
Quote HistoryOriginally Posted By Alacran: Many are saying other shoes are poised to drop, just don’t know when. Possibly 2nd half of this year. I’m sure measures being taken to make as controlled as possible. Quote HistoryOriginally Posted By Alacran: Originally Posted By Canoeguy: Where are we at with this bank meltdown? Just one or two or will it spread? Many are saying other shoes are poised to drop, just don’t know when. Possibly 2nd half of this year. I’m sure measures being taken to make as controlled as possible. Thing is, it can't *not* spread. All the media talking heads and economy/finance "experts" are glossing over the fact there are trillions of low-interest bearing paper that lose worth every time the Fed raises interest rates. If the Fed doesn't raise interest rates, then inflation continues to rise unabated and, again, the value of the paper goes down because it buys fewer goods and services. These same so-called experts talk about how SVB didn't "hedge" their paper risk exposure. The problem with "hedging" is that there has to be two sides to the trade. So, somebody makes out and somebody loses. If more outfits are hedging, then more outfits are going to be on the losing end of those trades somewhere along the line. Further, as interest rates increase, people will start to yank money out of the stonk market because they can get more "risk-free" (actually less risky, not risk-free) returns from banks and money markets. The drastic "we'll cover all losses everywhere" position of the Fed and Treasury is what will ultimately cascade into a full-on financial collapse. You can't print enough money to cover everybody. |
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Posted: 4/28/2023 8:11:12 PM EDT
[Last Edit: Jagrmaister]
[#8]
Quote HistoryOriginally Posted By planemaker: Thing is, it can't *not* spread. All the media talking heads and economy/finance "experts" are glossing over the fact there are trillions of low-interest bearing paper that lose worth every time the Fed raises interest rates. If the Fed doesn't raise interest rates, then inflation continues to rise unabated and, again, the value of the paper goes down because it buys fewer goods and services. These same so-called experts talk about how SVB didn't "hedge" their paper risk exposure. The problem with "hedging" is that there has to be two sides to the trade. So, somebody makes out and somebody loses. If more outfits are hedging, then more outfits are going to be on the losing end of those trades somewhere along the line. Further, as interest rates increase, people will start to yank money out of the stonk market because they can get more "risk-free" (actually less risky, not risk-free) returns from banks and money markets. The drastic "we'll cover all losses everywhere" position of the Fed and Treasury is what will ultimately cascade into a full-on financial collapse. You can't print enough money to cover everybody. Quote HistoryOriginally Posted By planemaker: Originally Posted By Alacran: Originally Posted By Canoeguy: Where are we at with this bank meltdown? Just one or two or will it spread? Many are saying other shoes are poised to drop, just don’t know when. Possibly 2nd half of this year. I’m sure measures being taken to make as controlled as possible. Thing is, it can't *not* spread. All the media talking heads and economy/finance "experts" are glossing over the fact there are trillions of low-interest bearing paper that lose worth every time the Fed raises interest rates. If the Fed doesn't raise interest rates, then inflation continues to rise unabated and, again, the value of the paper goes down because it buys fewer goods and services. These same so-called experts talk about how SVB didn't "hedge" their paper risk exposure. The problem with "hedging" is that there has to be two sides to the trade. So, somebody makes out and somebody loses. If more outfits are hedging, then more outfits are going to be on the losing end of those trades somewhere along the line. Further, as interest rates increase, people will start to yank money out of the stonk market because they can get more "risk-free" (actually less risky, not risk-free) returns from banks and money markets. The drastic "we'll cover all losses everywhere" position of the Fed and Treasury is what will ultimately cascade into a full-on financial collapse. You can't print enough money to cover everybody. The economy is a very complicated system. You can't manipulate it without affecting all markets involved with unknown consequences until they've already occurred. Indicators are trailing and levers pulled now have implications 18 months down the road.... |
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Posted: 4/28/2023 10:08:26 PM EDT
[Last Edit: Alacran]
[#9]
Quote HistoryOriginally Posted By planemaker: Thing is, it can't *not* spread. All the media talking heads and economy/finance "experts" are glossing over the fact there are trillions of low-interest bearing paper that lose worth every time the Fed raises interest rates. If the Fed doesn't raise interest rates, then inflation continues to rise unabated and, again, the value of the paper goes down because it buys fewer goods and services. These same so-called experts talk about how SVB didn't "hedge" their paper risk exposure. The problem with "hedging" is that there has to be two sides to the trade. So, somebody makes out and somebody loses. If more outfits are hedging, then more outfits are going to be on the losing end of those trades somewhere along the line. Further, as interest rates increase, people will start to yank money out of the stonk market because they can get more "risk-free" (actually less risky, not risk-free) returns from banks and money markets. The drastic "we'll cover all losses everywhere" position of the Fed and Treasury is what will ultimately cascade into a full-on financial collapse. You can't print enough money to cover everybody. Quote HistoryOriginally Posted By planemaker: Originally Posted By Alacran: Originally Posted By Canoeguy: Where are we at with this bank meltdown? Just one or two or will it spread? Many are saying other shoes are poised to drop, just don’t know when. Possibly 2nd half of this year. I’m sure measures being taken to make as controlled as possible. Thing is, it can't *not* spread. All the media talking heads and economy/finance "experts" are glossing over the fact there are trillions of low-interest bearing paper that lose worth every time the Fed raises interest rates. If the Fed doesn't raise interest rates, then inflation continues to rise unabated and, again, the value of the paper goes down because it buys fewer goods and services. These same so-called experts talk about how SVB didn't "hedge" their paper risk exposure. The problem with "hedging" is that there has to be two sides to the trade. So, somebody makes out and somebody loses. If more outfits are hedging, then more outfits are going to be on the losing end of those trades somewhere along the line. Further, as interest rates increase, people will start to yank money out of the stonk market because they can get more "risk-free" (actually less risky, not risk-free) returns from banks and money markets. The drastic "we'll cover all losses everywhere" position of the Fed and Treasury is what will ultimately cascade into a full-on financial collapse. You can't print enough money to cover everybody. I’ve heard from several sources that say the major warning sign that the economy is about to collapse is when the Fed begins lowering the interest rate. Ed Dowd said about a month ago that would happen around June/July timeframe. Since economics isn’t my forte’, that’s what I’m looking for as a sign.  |
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Posted: 4/28/2023 10:37:30 PM EDT
[#10]
I can see us heading in this direction…
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Posted: 4/28/2023 10:40:41 PM EDT
[#11]
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Posted: 4/29/2023 12:06:31 AM EDT
[#12]
Quote HistoryOriginally Posted By Alacran: I’ve heard from several sources that say the major warning sign that the economy is about to collapse is when the Fed begins lowering the interest rate. Ed Dowd said about a month ago that would happen around June/July timeframe. Since economics isn’t my forte’, that’s what I’m looking for as a sign. Quote HistoryOriginally Posted By Alacran: Originally Posted By planemaker: Originally Posted By Alacran: Originally Posted By Canoeguy: Where are we at with this bank meltdown? Just one or two or will it spread? Many are saying other shoes are poised to drop, just don’t know when. Possibly 2nd half of this year. I’m sure measures being taken to make as controlled as possible. Thing is, it can't *not* spread. All the media talking heads and economy/finance "experts" are glossing over the fact there are trillions of low-interest bearing paper that lose worth every time the Fed raises interest rates. If the Fed doesn't raise interest rates, then inflation continues to rise unabated and, again, the value of the paper goes down because it buys fewer goods and services. These same so-called experts talk about how SVB didn't "hedge" their paper risk exposure. The problem with "hedging" is that there has to be two sides to the trade. So, somebody makes out and somebody loses. If more outfits are hedging, then more outfits are going to be on the losing end of those trades somewhere along the line. Further, as interest rates increase, people will start to yank money out of the stonk market because they can get more "risk-free" (actually less risky, not risk-free) returns from banks and money markets. The drastic "we'll cover all losses everywhere" position of the Fed and Treasury is what will ultimately cascade into a full-on financial collapse. You can't print enough money to cover everybody. I’ve heard from several sources that say the major warning sign that the economy is about to collapse is when the Fed begins lowering the interest rate. Ed Dowd said about a month ago that would happen around June/July timeframe. Since economics isn’t my forte’, that’s what I’m looking for as a sign. My guess is that if the Fed starts lowering interest rates in June/July it will mean they have decided the banksters get to be saved and everybody else gets screwed. Inflation will skyrocket and economic growth will stagnate. Stagflation, here we come if that happens. |
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Posted: 4/29/2023 1:18:15 AM EDT
[#13]
Quote HistoryOriginally Posted By planemaker: My guess is that if the Fed starts lowering interest rates in June/July it will mean they have decided the banksters get to be saved and everybody else gets screwed. Inflation will skyrocket and economic growth will stagnate. Stagflation, here we come if that happens. Lot of banks will be hurt if rates move downward…. Assets reprice much faster than their deposit base will. |
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Posted: 4/29/2023 2:03:03 AM EDT
[#14]
Coming back to this for being shit on by a caveman in the thread
. You have members of this very forum who are gracious enough to enlighten the hive in their involvement of a project where Bitcoin is being mined via excess nuclear power directly on site to a reactor. Next year the BTC mining block reward drops from 6.25 per block to 3.125. 112 years from then your block reward for mining Bitcoin with such a rig will be 1 satoshi. .00000001BTC for being hooked up to a nuclear reactor with multitudes of millions of $ of hardware and auditing/validating the network to possess the computational power required to win out the block reward.Let that sink in for everyone. You're still fucking around with seashells and glass beads. |
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Posted: 4/29/2023 7:02:13 AM EDT
[#15]
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Posted: 4/29/2023 7:59:32 AM EDT
[#16]
I still miss Sears, Montgomery Wards, Service Merchandise, and Incredible Universe.
15 OF THE BIGGEST CHAINS IN AMERICA THAT WILL DISAPPEAR IN THE COMING MONTHS  15 Biggest Chains In America That Will Disappear In The Months Ahead 1. BIG LOTS 2. RITE AID 3. BED, BATH AND BEYOND 4. PARTY CITY 5. DOLLAR GENERAL 6. TUESDAY MORNING 7. CVS 8. AMAZON GO &AMAZON FRESH 9. NORDSTROM 10. BEST BUY 11. THE CHILDREN’S PLACE 12. CORNER BAKERY 13. MATTRESS FIRM 14. KIRKLAND’S 15. EXPRESS |
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Posted: 4/29/2023 8:03:36 AM EDT
[#17]
Quote HistoryOriginally Posted By Alacran: I still miss Sears, Montgomery Wards, Service Merchandise, and Incredible Universe. 15 OF THE BIGGEST CHAINS IN AMERICA THAT WILL DISAPPEAR IN THE COMING MONTHS  https://www.youtube.com/watch?v=ayFHsVM63601. BIG LOTS 2. RITE AID 3. BED, BATH AND BEYOND 4. PARTY CITY 5. DOLLAR GENERAL 6. TUESDAY MORNING 7. CVS 8. AMAZON GO &AMAZON FRESH 9. NORDSTROM 10. BEST BUY 11. THE CHILDREN’S PLACE 12. CORNER BAKERY 13. MATTRESS FIRM 14. KIRKLAND’S 15. EXPRESS So all of these are going to be gone in the next few months, is that the timeline? |
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Posted: 4/29/2023 8:04:54 AM EDT
[#18]
Quote HistoryOriginally Posted By planemaker: My guess is that if the Fed starts lowering interest rates in June/July it will mean they have decided the banksters get to be saved and everybody else gets screwed. Inflation will skyrocket and economic growth will stagnate. Stagflation, here we come if that happens. Quote HistoryOriginally Posted By planemaker: Originally Posted By Alacran: Originally Posted By planemaker: Originally Posted By Alacran: Originally Posted By Canoeguy: Where are we at with this bank meltdown? Just one or two or will it spread? Many are saying other shoes are poised to drop, just don’t know when. Possibly 2nd half of this year. I’m sure measures being taken to make as controlled as possible. Thing is, it can't *not* spread. All the media talking heads and economy/finance "experts" are glossing over the fact there are trillions of low-interest bearing paper that lose worth every time the Fed raises interest rates. If the Fed doesn't raise interest rates, then inflation continues to rise unabated and, again, the value of the paper goes down because it buys fewer goods and services. These same so-called experts talk about how SVB didn't "hedge" their paper risk exposure. The problem with "hedging" is that there has to be two sides to the trade. So, somebody makes out and somebody loses. If more outfits are hedging, then more outfits are going to be on the losing end of those trades somewhere along the line. Further, as interest rates increase, people will start to yank money out of the stonk market because they can get more "risk-free" (actually less risky, not risk-free) returns from banks and money markets. The drastic "we'll cover all losses everywhere" position of the Fed and Treasury is what will ultimately cascade into a full-on financial collapse. You can't print enough money to cover everybody. I’ve heard from several sources that say the major warning sign that the economy is about to collapse is when the Fed begins lowering the interest rate. Ed Dowd said about a month ago that would happen around June/July timeframe. Since economics isn’t my forte’, that’s what I’m looking for as a sign. My guess is that if the Fed starts lowering interest rates in June/July it will mean they have decided the banksters get to be saved and everybody else gets screwed. Inflation will skyrocket and economic growth will stagnate. Stagflation, here we come if that happens. Stagflation is already here. Advanced Q1 GDP came in low and Personal Consumption Expenditures came in hot. |
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Posted: 4/29/2023 8:13:00 AM EDT
[#19]
Quote HistoryOriginally Posted By MyakkaVice: So all of these are going to be gone in the next few months, is that the timeline? Quote HistoryOriginally Posted By MyakkaVice: Originally Posted By Alacran: I still miss Sears, Montgomery Wards, Service Merchandise, and Incredible Universe. 15 OF THE BIGGEST CHAINS IN AMERICA THAT WILL DISAPPEAR IN THE COMING MONTHS https://www.youtube.com/watch?v=ayFHsVM63601. BIG LOTS 2. RITE AID 3. BED, BATH AND BEYOND 4. PARTY CITY 5. DOLLAR GENERAL 6. TUESDAY MORNING 7. CVS 8. AMAZON GO &AMAZON FRESH 9. NORDSTROM 10. BEST BUY 11. THE CHILDREN’S PLACE 12. CORNER BAKERY 13. MATTRESS FIRM 14. KIRKLAND’S 15. EXPRESS So all of these are going to be gone in the next few months, is that the timeline? Evidently. I heard reports that Sears was going to close the doors for I can’t remember how long, before they actually did. I’ve never heard of some of these chains but Dollar General is the only one that really surprises me. |
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Posted: 4/29/2023 8:18:14 AM EDT
[#20]
Quote HistoryOriginally Posted By MrHelper: Lot of banks will be hurt if rates move downward…. Assets reprice much faster than their deposit base will. Quote HistoryOriginally Posted By MrHelper: Originally Posted By planemaker: My guess is that if the Fed starts lowering interest rates in June/July it will mean they have decided the banksters get to be saved and everybody else gets screwed. Inflation will skyrocket and economic growth will stagnate. Stagflation, here we come if that happens. Lot of banks will be hurt if rates move downward…. Assets reprice much faster than their deposit base will. I just dumped a bunch of $$$ into 5%+ CD's because I really do believe the dumbass feds are going to lower rates and while my stocks/401K aren't losing me anything, they aren't making me anything either. Still losing $$$ due to inflation but WTF can you do? |
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Posted: 4/29/2023 11:04:37 AM EDT
[#21]
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Posted: 4/29/2023 11:19:28 AM EDT
[#22]
Quote HistoryOriginally Posted By Alacran: I still miss Sears, Montgomery Wards, Service Merchandise, and Incredible Universe. 15 OF THE BIGGEST CHAINS IN AMERICA THAT WILL DISAPPEAR IN THE COMING MONTHS https://www.youtube.com/watch?v=ayFHsVM63601. BIG LOTS 2. RITE AID 3. BED, BATH AND BEYOND 4. PARTY CITY 5. DOLLAR GENERAL 6. TUESDAY MORNING 7. CVS 8. AMAZON GO &AMAZON FRESH 9. NORDSTROM 10. BEST BUY 11. THE CHILDREN’S PLACE 12. CORNER BAKERY 13. MATTRESS FIRM 14. KIRKLAND’S 15. EXPRESS CVS and Rite Aid aren't going anywhere. When they announce they are closing "unprofitable" stores, take that to mean they are closing stores in areas where retail theft is high and there is no likelihood of that changing. This means they are closing stores in deep blue areas with a demographic that engages in that type of activity unfettered by prosecutions. Same with Big Lots. Best Buy has had stores come and go for a decade. Not sure who there location picking team is but they don't seem to do a great job of it. Further, a lot of consumers (like me) have gotten tired of not seeing products in the stores. If I have to go on-line to get something, why would I use Best Buy vs Amazon? Dollar General is another that isn't going anywhere. In fact, they've been opening stores like mad in many smaller towns where they have little to no competition. They have some of the same problems in certain "urban" areas that cause stores there to be "unprofitable". Are we seeing a pattern here? |
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Posted: 4/29/2023 12:12:31 PM EDT
[#23]
Quote HistoryOriginally Posted By planemaker: CVS and Rite Aid aren't going anywhere. When they announce they are closing "unprofitable" stores, take that to mean they are closing stores in areas where retail theft is high and there is no likelihood of that changing. This means they are closing stores in deep blue areas with a demographic that engages in that type of activity unfettered by prosecutions. Same with Big Lots. Best Buy has had stores come and go for a decade. Not sure who there location picking team is but they don't seem to do a great job of it. Further, a lot of consumers (like me) have gotten tired of not seeing products in the stores. If I have to go on-line to get something, why would I use Best Buy vs Amazon? Dollar General is another that isn't going anywhere. In fact, they've been opening stores like mad in many smaller towns where they have little to no competition. They have some of the same problems in certain "urban" areas that cause stores there to be "unprofitable". Are we seeing a pattern here? Quote HistoryOriginally Posted By planemaker: Originally Posted By Alacran: I still miss Sears, Montgomery Wards, Service Merchandise, and Incredible Universe. 15 OF THE BIGGEST CHAINS IN AMERICA THAT WILL DISAPPEAR IN THE COMING MONTHS https://www.youtube.com/watch?v=ayFHsVM63601. BIG LOTS 2. RITE AID 3. BED, BATH AND BEYOND 4. PARTY CITY 5. DOLLAR GENERAL 6. TUESDAY MORNING 7. CVS 8. AMAZON GO &AMAZON FRESH 9. NORDSTROM 10. BEST BUY 11. THE CHILDREN’S PLACE 12. CORNER BAKERY 13. MATTRESS FIRM 14. KIRKLAND’S 15. EXPRESS CVS and Rite Aid aren't going anywhere. When they announce they are closing "unprofitable" stores, take that to mean they are closing stores in areas where retail theft is high and there is no likelihood of that changing. This means they are closing stores in deep blue areas with a demographic that engages in that type of activity unfettered by prosecutions. Same with Big Lots. Best Buy has had stores come and go for a decade. Not sure who there location picking team is but they don't seem to do a great job of it. Further, a lot of consumers (like me) have gotten tired of not seeing products in the stores. If I have to go on-line to get something, why would I use Best Buy vs Amazon? Dollar General is another that isn't going anywhere. In fact, they've been opening stores like mad in many smaller towns where they have little to no competition. They have some of the same problems in certain "urban" areas that cause stores there to be "unprofitable". Are we seeing a pattern here? Yeah, I couldn’t care less about some of those stores. I haven’t been in a CVS since all of the covid hoopla. Best Buy has been rumored to go under for years now, it seems. I did get a good deal on an iPad there a few months ago but that was the first time I was in their store in a long time. Dollar General is the Walmart for small towns. They are just as packed some of the Walmarts that are in the larger communities. I don’t see them going away anytime soon, either. |
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Posted: 4/29/2023 12:32:33 PM EDT
[#24]
On a Friday… ®
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Posted: 4/29/2023 1:29:20 PM EDT
[#25]
Quote HistoryOriginally Posted By Alacran: I still miss Sears, Montgomery Wards, Service Merchandise, and Incredible Universe. 15 OF THE BIGGEST CHAINS IN AMERICA THAT WILL DISAPPEAR IN THE COMING MONTHS https://www.youtube.com/watch?v=ayFHsVM63601. BIG LOTS 2. RITE AID 3. BED, BATH AND BEYOND 4. PARTY CITY 5. DOLLAR GENERAL 6. TUESDAY MORNING 7. CVS 8. AMAZON GO &AMAZON FRESH 9. NORDSTROM 10. BEST BUY 11. THE CHILDREN’S PLACE 12. CORNER BAKERY 13. MATTRESS FIRM 14. KIRKLAND’S 15. EXPRESS Kirklands? The only Kirkland I’m familiar with is Costcos private label. Surely not the same? |
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Posted: 4/29/2023 1:33:44 PM EDT
[#26]
Quote HistoryOriginally Posted By Alacran: On a Friday… ®
Did First Republic get put into receivership? I thought they were just in trouble. |
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Posted: 4/29/2023 1:37:00 PM EDT
[#27]
Quote HistoryOriginally Posted By planemaker: Did First Republic get put into receivership? I thought they were just in trouble. Quote HistoryOriginally Posted By planemaker: Originally Posted By Alacran: On a Friday… ®
Did First Republic get put into receivership? I thought they were just in trouble. I guess we’ll find out Monday. |
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Posted: 4/29/2023 1:45:37 PM EDT
[#28]
Quote HistoryOriginally Posted By Nailcrusher: Kirklands? The only Kirkland I’m familiar with is Costcos private label. Surely not the same? No, it is a shit home decorating store filled with overpriced crap. Certainly no loss there other than the economics of it. |
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Posted: 4/29/2023 2:56:37 PM EDT
[#29]
Quote HistoryOriginally Posted By Alacran: I guess we’ll find out Monday. Quote HistoryOriginally Posted By Alacran: Originally Posted By planemaker: Originally Posted By Alacran: On a Friday… ®
Did First Republic get put into receivership? I thought they were just in trouble. I guess we’ll find out Monday. There will be a press release on Sunday, I’m betting PNC wins over JPM. |
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Posted: 4/29/2023 3:06:23 PM EDT
[#30]
Quote HistoryOriginally Posted By Alacran: I still miss Sears, Montgomery Wards, Service Merchandise, and Incredible Universe. 15 OF THE BIGGEST CHAINS IN AMERICA THAT WILL DISAPPEAR IN THE COMING MONTHS https://www.youtube.com/watch?v=ayFHsVM63601. BIG LOTS 2. RITE AID 3. BED, BATH AND BEYOND 4. PARTY CITY 5. DOLLAR GENERAL 6. TUESDAY MORNING 7. CVS 8. AMAZON GO &AMAZON FRESH 9. NORDSTROM 10. BEST BUY 11. THE CHILDREN’S PLACE 12. CORNER BAKERY 13. MATTRESS FIRM 14. KIRKLAND’S 15. EXPRESS Big Lots, and Bed Bath Beyond are already closing in my AO |
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Posted: 4/29/2023 3:08:09 PM EDT
[#31]
In on 136 just to say I can't believe this isn't a Buck19delta thread
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Posted: 4/29/2023 4:33:09 PM EDT
[#32]
Quote HistoryOriginally Posted By Alacran: I still miss Sears, Montgomery Wards, Service Merchandise, and Incredible Universe. 15 OF THE BIGGEST CHAINS IN AMERICA THAT WILL DISAPPEAR IN THE COMING MONTHS https://www.youtube.com/watch?v=ayFHsVM63601. BIG LOTS 2. RITE AID 3. BED, BATH AND BEYOND 4. PARTY CITY 5. DOLLAR GENERAL 6. TUESDAY MORNING 7. CVS 8. AMAZON GO &AMAZON FRESH 9. NORDSTROM 10. BEST BUY 11. THE CHILDREN’S PLACE 12. CORNER BAKERY 13. MATTRESS FIRM 14. KIRKLAND’S 15. EXPRESS This guy needs a reality check. Dollar General strategically places it's stores where there aren't any close grocery stores. They also stay open until 10:00 PM. Many people (like myself) are willing to pay a few cents more to shop at a store 3 minutes away vs 15. Their OTC medicine selection is just as good as a pharmacy. Anyone with small children frequents this place. Oh, and they also cater to the EBT crowd. Yeah, not going away anytime soon. |
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Posted: 4/29/2023 5:06:06 PM EDT
[#33]
Million Man Army
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Posted: 4/29/2023 5:26:52 PM EDT
[#34]
Quote HistoryOriginally Posted By Alacran: I guess we’ll find out Monday. Quote HistoryOriginally Posted By Alacran: Originally Posted By planemaker: Originally Posted By Alacran: On a Friday… ®
Did First Republic get put into receivership? I thought they were just in trouble. I guess we’ll find out Monday. FDIC sets Sunday deadline for First Republic Bank bids: Report A source told FOX Business that JPMorgan Chase & Co., PNC Financial Services, and three others are possibly bidding https://www.foxbusiness.com/financials/fdic-sets-sunday-deadline-first-republic-bank-bids |
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Posted: 4/29/2023 5:42:41 PM EDT
[#35]
Originally Posted By MrHelper: There will be a press release on Sunday, I’m betting PNC wins over JPM. Originally Posted By Nailcrusher: FDIC sets Sunday deadline for First Republic Bank bids: Report A source told FOX Business that JPMorgan Chase & Co., PNC Financial Services, and three others are possibly bidding https://www.foxbusiness.com/financials/fdic-sets-sunday-deadline-first-republic-bank-bids Refresh my memory, didn’t the same Sunday schedule follow the SVB collapse, too? |
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Posted: 4/29/2023 6:21:59 PM EDT
[#36]
Quote HistoryOriginally Posted By Alacran: Refresh my memory, didn’t the same Sunday schedule follow the SVB collapse, too? Quote HistoryOriginally Posted By Alacran: Originally Posted By MrHelper: There will be a press release on Sunday, I’m betting PNC wins over JPM. Originally Posted By Nailcrusher: FDIC sets Sunday deadline for First Republic Bank bids: Report A source told FOX Business that JPMorgan Chase & Co., PNC Financial Services, and three others are possibly bidding https://www.foxbusiness.com/financials/fdic-sets-sunday-deadline-first-republic-bank-bids Refresh my memory, didn’t the same Sunday schedule follow the SVB collapse, too? I believe your memory serves you correct. I think there were meetings all weekend. I’d imagine that’s partially to alleviate fear from the masses that the house of cards is teetering. |
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Posted: 4/29/2023 6:36:15 PM EDT
[#37]
Quote HistoryOriginally Posted By Nailcrusher: I believe your memory serves you correct. I think there were meetings all weekend. I’d imagine that’s partially to alleviate fear from the masses that the house of cards is teetering. Quote HistoryOriginally Posted By Nailcrusher: Originally Posted By Alacran: Originally Posted By MrHelper: There will be a press release on Sunday, I’m betting PNC wins over JPM. Originally Posted By Nailcrusher: FDIC sets Sunday deadline for First Republic Bank bids: Report A source told FOX Business that JPMorgan Chase & Co., PNC Financial Services, and three others are possibly bidding https://www.foxbusiness.com/financials/fdic-sets-sunday-deadline-first-republic-bank-bids Refresh my memory, didn’t the same Sunday schedule follow the SVB collapse, too? I believe your memory serves you correct. I think there were meetings all weekend. I’d imagine that’s partially to alleviate fear from the masses that the house of cards is teetering. SVB was taken over by the FDIC on a Friday and they wanted to have an asset sale on a Sunday and that fell thru. What this sounds like is the FDIC wants to see if there can be a buyer for FRB prior to the FDIC needing to put the bank in receivership. Very odd. Maybe they think they can sweep the failure under the rug this way without having to actually declare the bank insolvent and causing another bank run. |
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Posted: 4/29/2023 7:06:44 PM EDT
[#38]
Quote HistoryOriginally Posted By planemaker: SVB was taken over by the FDIC on a Friday and they wanted to have an asset sale on a Sunday and that fell thru. What this sounds like is the FDIC wants to see if there can be a buyer for FRB prior to the FDIC needing to put the bank in receivership. Very odd. Maybe they think they can sweep the failure under the rug this way without having to actually declare the bank insolvent and causing another bank run. Quote HistoryOriginally Posted By planemaker: Originally Posted By Nailcrusher: Originally Posted By Alacran: Originally Posted By MrHelper: There will be a press release on Sunday, I’m betting PNC wins over JPM. Originally Posted By Nailcrusher: FDIC sets Sunday deadline for First Republic Bank bids: Report A source told FOX Business that JPMorgan Chase & Co., PNC Financial Services, and three others are possibly bidding https://www.foxbusiness.com/financials/fdic-sets-sunday-deadline-first-republic-bank-bids Refresh my memory, didn’t the same Sunday schedule follow the SVB collapse, too? I believe your memory serves you correct. I think there were meetings all weekend. I’d imagine that’s partially to alleviate fear from the masses that the house of cards is teetering. SVB was taken over by the FDIC on a Friday and they wanted to have an asset sale on a Sunday and that fell thru. What this sounds like is the FDIC wants to see if there can be a buyer for FRB prior to the FDIC needing to put the bank in receivership. Very odd. Maybe they think they can sweep the failure under the rug this way without having to actually declare the bank insolvent and causing another bank run. And isn’t that a similar path to what happened to Credit Suisse? |
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Posted: 4/29/2023 7:25:59 PM EDT
[#39]
Yes, it’s a precious metal based platform interview but good points are raised in relation to a global economy.
 Bill Holter: It's Coming - Total Global Financial Closure In 72 Hours! Gold to $25k or $25b |
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Posted: 4/29/2023 7:47:51 PM EDT
[#40]
Another interview with Michael Yon. He’s done a lot of them within the last few days.
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Posted: 4/29/2023 7:51:57 PM EDT
[#41]
Quote HistoryOriginally Posted By Alacran: And isn’t that a similar path to what happened to Credit Suisse? Quote HistoryOriginally Posted By Alacran: Originally Posted By planemaker: Originally Posted By Nailcrusher: Originally Posted By Alacran: Originally Posted By MrHelper: There will be a press release on Sunday, I’m betting PNC wins over JPM. Originally Posted By Nailcrusher: FDIC sets Sunday deadline for First Republic Bank bids: Report A source told FOX Business that JPMorgan Chase & Co., PNC Financial Services, and three others are possibly bidding https://www.foxbusiness.com/financials/fdic-sets-sunday-deadline-first-republic-bank-bids Refresh my memory, didn’t the same Sunday schedule follow the SVB collapse, too? I believe your memory serves you correct. I think there were meetings all weekend. I’d imagine that’s partially to alleviate fear from the masses that the house of cards is teetering. SVB was taken over by the FDIC on a Friday and they wanted to have an asset sale on a Sunday and that fell thru. What this sounds like is the FDIC wants to see if there can be a buyer for FRB prior to the FDIC needing to put the bank in receivership. Very odd. Maybe they think they can sweep the failure under the rug this way without having to actually declare the bank insolvent and causing another bank run. And isn’t that a similar path to what happened to Credit Suisse? That was complicated by the fact that the Swiss Government basically arranged a shotgun wedding between CS and UBS. Same kind of approach, though. Force a sale so as to prevent having to declare a bank insolvent. This is dumb. All that bad debt and poor decision making needs to be flushed from the system. Dodging doing the needful is just going to paper over the problem, just like they did after the '08 crisis. |
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Posted: 4/29/2023 8:01:26 PM EDT
[#42]
Okay we still have food so why is this thread so long
Quick run down? |
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Posted: 4/29/2023 9:24:03 PM EDT
[#43]
It has morphed into a discussion of a wide variety of world wide events that may lead to famine, tyranny, invasion of the U.S., war, etc. It is generally recognized that Yon’s prediction is either too early, or overstated. No one really knows for sure. But Yon is putting eyes on things that are very alarming, whether a famine evolves or not.
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OR, USA
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Posted: 4/29/2023 9:35:35 PM EDT
[#44]
Quote HistoryOriginally Posted By WhiskersTheCat: Okay we still have food so why is this thread so long Quick run down? DOOOOOOOM! |
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Posted: 4/29/2023 9:48:44 PM EDT
[#45]
Quote HistoryOriginally Posted By amannamedjed: It has morphed into a discussion of a wide variety of world wide events that may lead to famine, tyranny, invasion of the U.S., war, etc. It is generally recognized that Yon’s prediction is either too early, or overstated. No one really knows for sure. But Yon is putting eyes on things that are very alarming, whether a famine evolves or not. Got it, thanks. |
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Posted: 4/29/2023 10:03:58 PM EDT
[#46]
Quote HistoryOriginally Posted By WhiskersTheCat: Okay we still have food so why is this thread so long Quick run down? I take it you’ve read the original write-up by Michael Yon and familiar with his background. A two year food supply to handle a potential global famine prediction is out there but afterwards, news article and events started happening that started giving credence to his warnings such as the impact of farming in Ukraine due to the war, the collapse of Sri Lanka, the farmer protests in the Netherlands, France, and eventually other countries due to environmental restrictions place on them by their governments. As the Fall approached and then turned into Winter, inflation, supply chain problems, the sabotage of the Nordstream pipelines, energy regulations imposed by various European governments due to limited LNG supply all started putting a strain on Europeans with stories of skipping meals because of inflation of food and heating bills. The good news is that the European winter and American winter wasn’t nearly as bad as some predicted and feared. In addition to that, the push by the WEF to do away with meat in favor of eating bugs, the massive influx of migration into both America and Europe, the global economic problems, the push for Digital ID, countries rolling out Central Bank Digital Currency with ties to a social credit system similar to China are a factor. Of course the elephant in the room that would have the greatest impact towards causing a global famine is war that could expand to a world war as well as environmental events such as weather, volcanic eruptions and solar storms. You can probably also get a rundown by listening to one of the recent Michael Yon interviews that I’ve posted on this page. Yon’s timeline is definitely off but he still seems to understand the direction that things on a global scale are going. |
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Posted: 4/29/2023 10:06:10 PM EDT
[#47]
Quote HistoryOriginally Posted By amannamedjed: It has morphed into a discussion of a wide variety of world wide events that may lead to famine, tyranny, invasion of the U.S., war, etc. It is generally recognized that Yon’s prediction is either too early, or overstated. No one really knows for sure. But Yon is putting eyes on things that are very alarming, whether a famine evolves or not. Good one.  |
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Posted: 4/29/2023 10:21:56 PM EDT
[#48]
Quote HistoryOriginally Posted By Alacran: Good one. Quote HistoryOriginally Posted By Alacran: Originally Posted By amannamedjed: It has morphed into a discussion of a wide variety of world wide events that may lead to famine, tyranny, invasion of the U.S., war, etc. It is generally recognized that Yon’s prediction is either too early, or overstated. No one really knows for sure. But Yon is putting eyes on things that are very alarming, whether a famine evolves or not. Good one. One also has to wonder about 2+ million illegals last fiscal year and likely 3 million this fiscal year will have on the availability/cost of food, shelter, clothing, etc as well as the crime rate. Seems like 5 million unvetted people crossing the border has the potential to be very, very bad for the US if even a fraction of them are nefarious actors. |
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Posted: 4/29/2023 10:38:34 PM EDT
[Last Edit: Alacran]
[#49]
Quote HistoryOriginally Posted By planemaker: One also has to wonder about 2+ million illegals last fiscal year and likely 3 million this fiscal year will have on the availability/cost of food, shelter, clothing, etc as well as the crime rate. Seems like 5 million unvetted people crossing the border has the potential to be very, very bad for the US if even a fraction of them are nefarious actors. Quote HistoryOriginally Posted By planemaker: Originally Posted By Alacran: Originally Posted By amannamedjed: It has morphed into a discussion of a wide variety of world wide events that may lead to famine, tyranny, invasion of the U.S., war, etc. It is generally recognized that Yon’s prediction is either too early, or overstated. No one really knows for sure. But Yon is putting eyes on things that are very alarming, whether a famine evolves or not. Good one. One also has to wonder about 2+ million illegals last fiscal year and likely 3 million this fiscal year will have on the availability/cost of food, shelter, clothing, etc as well as the crime rate. Seems like 5 million unvetted people crossing the border has the potential to be very, very bad for the US if even a fraction of them are nefarious actors. The gift that will keep on giving for a long time. I will say that my recent trip to Walmart yesterday had no problem finding plenty of the things I need other than the obvious higher prices. It did seem that their bakery goods where in noticeably short supply. I’m a sucker for their chocolate chip cookies but the packaging has gotten much smaller and priced more, too. That is, when they’re in stock. They were almost completely out yesterday. |
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Posted: 4/29/2023 11:55:10 PM EDT
[#50]
Quote HistoryOriginally Posted By WhiskersTheCat: Okay we still have food so why is this thread so long Quick run down? One of these days, the world is gonna end tomorrow |
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